Offshore Investment

Cofunds has added two funds from emerging markets specialist boutique HEXAM Capital to extend its offshore range.

Cofunds has added two funds from emerging markets specialist boutique HEXAM Capital to extend its offshore range.

The ABI has charged IFAs with misjudging the risk of depositors placing money in collapsed bank Kaupthing Singer & Friedlander Isle of Man (KSFIOM).

The ABI has charged IFAs with misjudging the risk of depositors placing money in collapsed bank Kaupthing Singer & Friedlander Isle of Man (KSFIOM).

Jersey Finance has appointed Clive Boothman to head its representative office in London.

The FSA was warned in 2005 not to approve Kaupthing's takeover of Singer & Friedlander (S&F) following concerns over the way the Icelandic bank was run.

IFAs are not responsible for misjudging the risk to depositors placing money in collapsed bank Kaupthing Singer & Friedlander Isle of Man (KSFIOM), according to the Association of IFAs (AIFA).

Regulators from Guernsey and the Isle of Man have voiced their disappointment over the FSA's dealing with the jurisdictions at the height of the Icelandic banking crisis.

The Kaupthing Singer & Friedlander Isle of Man Depositors Action Group (KSFIOMDAG) has called for an inquiry into the actions of the FSA and the Isle of Man regulator (FSC), along the lines of the investigation into the collapse of Equitable Life.

The credit crunch and a 'less credulous' approach to the City will persuade the government to 'turn its guns' on tax havens, according to Vince Cable, deputy leader of the Liberal democrats.